PVH Corp. (NYSE:PVH) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its stake in shares of PVH Corp. (NYSE:PVH) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 215,526 shares of the textile maker’s stock after acquiring an additional 1,312 shares during the period. Ameriprise Financial Inc.’s holdings in PVH were worth $22,792,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. FMR LLC grew its holdings in shares of PVH by 0.4% in the fourth quarter. FMR LLC now owns 6,826,021 shares of the textile maker’s stock valued at $721,852,000 after purchasing an additional 29,578 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of PVH by 2.2% in the fourth quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker’s stock valued at $184,263,000 after purchasing an additional 36,719 shares in the last quarter. LSV Asset Management grew its holdings in shares of PVH by 1.3% in the fourth quarter. LSV Asset Management now owns 1,199,238 shares of the textile maker’s stock valued at $126,819,000 after purchasing an additional 15,900 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of PVH by 22.9% in the fourth quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock valued at $81,852,000 after purchasing an additional 144,260 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of PVH by 179,164.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock valued at $79,705,000 after purchasing an additional 759,656 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Price Performance

Shares of PVH opened at $86.93 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. PVH Corp. has a 1-year low of $59.28 and a 1-year high of $124.68. The stock has a market cap of $4.58 billion, a PE ratio of 7.08, a price-to-earnings-growth ratio of 0.77 and a beta of 1.81. The firm has a fifty day moving average price of $69.46 and a 200 day moving average price of $86.77.

PVH (NYSE:PVH) last released its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.08. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the firm posted $3.72 earnings per share. PVH’s revenue for the quarter was down 4.8% on a year-over-year basis. As a group, sell-side analysts anticipate that PVH Corp. will post 11.67 EPS for the current year.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be paid a $0.0375 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $0.15 annualized dividend and a yield of 0.17%. PVH’s dividend payout ratio is presently 1.42%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PVH. Barclays dropped their price objective on shares of PVH from $103.00 to $87.00 and set an “overweight” rating for the company in a report on Monday, April 28th. StockNews.com cut shares of PVH from a “buy” rating to a “hold” rating in a report on Friday, April 18th. Telsey Advisory Group restated an “outperform” rating and issued a $90.00 price objective on shares of PVH in a report on Tuesday, April 1st. Evercore ISI lowered their price target on shares of PVH from $139.00 to $105.00 and set an “outperform” rating for the company in a report on Tuesday, April 1st. Finally, BMO Capital Markets lowered their price target on shares of PVH from $106.00 to $93.00 and set a “market perform” rating for the company in a report on Tuesday, April 1st. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $105.67.

PVH Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.